The St. Johns herald., 1887-06-09

AAStA NESOSIObIOlA IlttO UCCIl ICCCHllJ formed in Texas, but one much less far-reaching in extent and com- piete in organization.
 AN ABSOLUTE SURRENDER.
 The plan of the Wyoming men is for every man in their associa- tion to absolutely surrender all stock and ranch improvements, and receive a certain share in the com pany By so doing the danger of flooding the market by throwing upon it large amount of cattle at an unfavorable time will be entirely obviated, and such disasters as fol- lowed the Indian Territory cattle sales rendered impossible. For five or six years pastthe cattle market has been periodically ,de- pressed by the necessities of the weaker ranchmen, who, in order to raise money to meet their most pressing obligations, have been ob- liged to ship cattle before they had arrived at maturity and accept such prices as the dealers choose to offer.
 This course has beeni ias disas- trous to the strong as to the weak holders, as these forced sales have reduced the price far below the pro- per figure and have enabled the buy CTS to make their own terms The necessity of further combination has been long apparent, but action would have been postponed for some time, had not the Swan failure occurred, Fear of. the disastrous consequences that would follow the sudden casting on the market of the great herds of this company comp ,lled the cattlemen to take inn mediate action, which they. have done with commendab1e energy. As soon as the failure became known, delegates were sent to New York, London and Edinburgh, to. impress upon the capitalists of those cities who had agreed to take. part in the venture the necessity of at once moving in the matter, and providing means for taking up the Swan bonds as soon as they could be purchased. These gentlemen have agreed to do their part, and before many months have passed, the new company will, in all proba- bility, be in complete operation.
 SOME OF THE LEADERS. -@,
 Those connected with 1t are very reticent in the matter, but enough has been learned to state with req sonable certainty that Sturgis, Lane Carey, Davis, Iliffe, and Clark of Cheyenne, and Ulrichs and Have meryer of New York, together with d number of Scotch and English and some from Phila- delphia and Boston, are deeply in- terested in the scheme, and will do all in their power to carry it to a successful termination. These gentlemen already control fully half the stock in Wyoming, and several millions of money, while nearly all the stockmen of that region are in sympathy with them, and will enter warmly into the new company. \ If the plan is fully carried into effect, the company will control all the range cattle that are carried to the East by the Union Pacific Railway and its tributaries. Their ranges will extend from the Arkansas on south to within 100 miles of the Northern Pacific on the north, and will include all the cattle grazing on the great central range of the .coun- try. By the organization of fsucha a. company the poorer owners will :. not be obliged to sacrifice their $. herds to meet running expenses, while those strong, financially, will : be relieved from ruinous bankrupt competition. The cattle can be dp- portioned to the ranges, the water supply fairly!divided, as the interest of one will be the interest of all, and the productiveness of the entire region very largely increased. The whole scheme is yet in a somewhat